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Implementation of the Montreal Protocol
In June 1990, a financial mechanism for the implementation of the Montreal Protocol was established. The Multilateral Fund of the Montreal Protocol functions as part of this mechanism. The fund finances incremental costs incurred by developing countries in phasing out their consumption and production of ozone-depleting substances The Multilateral Fund for the Montreal Protocol is administered by an Executive Committee of seven developed and seven developing countries chosen by the Parties on annual basis. The Fund's allocation for 1991-93 was $240 million; $455 million for 1994-96; $465 million for 1996-99 and $440 million for 2000-2. The replenishment for the three-year period of 2003-5 was fixed at $474 million by the Parties at their Rome meeting in November 2002. The Multilateral Fund has so far disbursed over 1.4 billion dollars for capacity building and projects to phase out CFCs. The Global
Environment Facility (GEF) was established by the world community to help GEF approved over US$ 160 million to assist the following 17 countries in the phase-out of Annex A and B substances: Azerbaijan, Belarus, Bulgaria, Czech Republic, Estonia, Hungary, Kazakhstan, Latvia, Lithuania, Poland, Russian Federation, Slovakia, Slovenia, Tajikistan, Turkmenistan, Ukraine and Uzbekistan. Additional funds of US$ 60 million have been ear-marked by GEF to assist CEIT countries with the phase-out of HCFCs and Methyl Bromide. Implementing Agencies UNEP is responsible for information exchange, institutional strengthening, networking and preparation of country programmes. It has assisted over 100 developing countries as well as countries that were formerly part of the Soviet Union. UNDP, UNIDO and the World Bank are responsible for technical assistance and investment projects for phasing out ozone-depleting substances in all countries receiving assistance. |
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